Housing Wire
JUNE 30, 2022
Less than a week after laying off hundreds of workers and refusing new mortgage applications, First Guaranty Mortgage Corp. FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection late Wednesday. . The debtor-in-possession financing, however, needs the Delaware bankruptcy court’s approval.
Housing Wire
MARCH 3, 2022
The process of bundling loans and separating risks makes available fixed-rate mortgages that are fully prepayable at borrowing costs well below other forms of debt. One of the critical mechanisms of securitization is the separation of the underlying assets from the bankruptcy risk of the mortgage bond issuer.
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Housing Wire
SEPTEMBER 9, 2022
The nonagency share of the market has been rising slowly since then, reaching 4.32% in 2021, according to recent analysis by the Urban Institute ’s Housing Finance Policy Center. In August 2021, the 30-year fixed-rate mortgage rate stood at approximately 2.75%,” a recent KBRA report on the nonagency RMBS market states.
Housing Wire
JULY 27, 2022
The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies. As of July 21, Freddie Mac reports the interest rate for a 30-year fixed mortgage averaged 5.54%.
Realty Biz
SEPTEMBER 30, 2023
By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution. Can you buy a house with bad credit?
Housing Wire
OCTOBER 13, 2022
Independent mortgage banks (IMBs) account for nearly 74% of agency mortgage originations, which is the bulk of the market, according to a recent report by the Urban Institute ’s Housing Finance Policy Center (HFPC). annualized as of August per the Consumer Price Index — as well as fast-rising interest rates.
Realty Biz
MAY 28, 2022
Conforming loans are the best of the two because they follow the rules and regulations set by the Federal Housing Finance Agency (FHFA). They are commonly offered if your credit is not superb or if you have had a hard hit in the past, such as a bankruptcy. Non-conforming loans do not follow the FHFA stipulations and regulations.
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